Abstract
In achieving a balance between the ever-increasing requirements on customs administrations regarding the security and safety of international trade on the one hand, and the desire of merchants for easy and quick customs clearance of their goods on the other, so-called ‘simplified customs procedures’ and in particular, Authorized Economic Operator (AEO) status, play an important role. To obtain AEO status, several requirements (criteria) must be fulfilled, including proof of their financial solvency. To date, the Bulgarian customs administration has not developed a single method that allows a more accurate assessment of solvency. This paper presents an analytical method designed to achieve this aim.
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